Talent crunch leading firms to boomerang employees: Experts

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PTI

November 27, 2016

UPDATED: November 27, 2016 14:00 IST

Mumbai, Nov 27 (PTI) Facing a talent crunch and high workforce churn, corporates now waking up to hiring boomerang employees, or ex-staffers who rejoin a firm -- a trend which is expected to grow by 10 per cent next year, according to industry experts.

"Organisations have realised that many of their employees left which may not have been related to the interest levels in either the employer organisation or the role.

"Rather, in most cases, it was a personal situation of the employee or a particular situation at the workplace in spite of the employee having interest in the role, good performance, matching competence and positive attitude to work," CIEL HR Services CEO Aditya Narayan Mishra told PTI.

Hence, the cost of induction and risk of failure in mainstreaming the employee is low in this case, he added.

"We see IT and services sectors are leading the practice of (hiring) boomerang employees. However, retail and engineering sectors are also catching up fast.

"My estimate is that in the last 5 years, growth in this practice has been 100 per cent and most visible in mid-level employees," he said.

However, one of the possible failures in re-hiring is when an employee gets back out of desperation, he said, adding at such times the boomerang employee becomes over-confident and this comes in the way of performance.

Echoing a similar view, TeamLease Services Senior Vice President Kunal Sen said this trend has always been there, but has taken off coinciding with the boom of Indian start-ups in the last couple of years, with millennials showing appetite to explore risks.

"IT, followed by FMCG and retail, saw the largest migration of talent to start-ups and is now seeing the largest migration of talent back from start-ups.

"Trend is expected to increase in 2017 unless funding situation for start-ups improves... (the trend is) estimated to cross 10 per cent," he said.

"Moving from higher to lower risk environment, especially if you need to be financially stable, is one of the motivations for boomerang employees," he opined. (MORE) PTI SM NRB ABM SNK

This is unedited, unformatted feed from the Press Trust of India wire.